Yellow | Teamsters Organize To Defend Pensions!

[Elwood]

And the Teamsters Western States Pension was immune to these forces?

WSPF took an aggressive stance in 2001 reducing projected benefits by almost 50% based on the stock market performance and poor bond and treasury yields.

As a result of this drastic action, so perceived at the time (and the organization of more professions), the fund has remained solvent and well funded.

 

[yrc-atm]

I have a hard time believing the CSPF loss UPS's entire 6 billion dollar buyout due to a downturn in the stock market.

A CSPF rep had a Q&A meeting at the hall last year. He said between the market and the imbalance of those pulling to those paying, the $6 billion was gone in about 10 months